This is a guide for newbies who want to purchase/get/buy EOS tokens. As this is for people who are still learning and starting with cryptocurrencies, this article will also provide a couple of heads up.
First, what is an EOS Token?
- According to its official website (eos.io), "EOS Tokens are ERC-20 compatible tokens distributed on the Ethereum blockchain."
So, what exactly is ERC-20?
- ERC stands for "Ethereum Request for Comments” - to avoid confusion, think of it as a token. These tokens are blockchain assets that have value and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other cryptocurrency (http://support.exodus.io/article/108-what-is-an-erc20-token). Or simply, you can just think of it as a form of cryptocurrency for a specific platform.
Cryptocurrencies, in any form, are trending as they can be a really good form of investment, and EOS is definitely one of these currencies that are creating a huge impact on the market today.
So, how do we start? How can you purchase an EOS token?
Here's how:
- Go to the website https://eos.io/.
- Scroll down until you see this
- Click GET EOS on the left side and the EOS TOKEN PURCHASE AGREEMENT (terms and conditions) will pop-up that would ask you to check all 5 boxes in the agreement.
(Note: A "U.S. Person" and/or "Chinese Person" is not allowed to purchase due to "differing regulations") - After checking the 5 boxes, click on "Continue" - it shall route you to another web page that says "EOS Token Distribution". You would need to scroll down until you see this:
- If you already have a Google Chrome browser, you can just click on "METAMASK" under wallet. Ifyou already have an existing wallet, this step and step 6 is not necessary.
- Clicking METAMASK will direct you to a new web page which gives you the option to either GET IT AS A CHROME EXTENSION or to GET BRAVE (download as an application).
- You can then log in to your account and start "buying" these tokens. The Ethereum address for the token distribution is: 0xd0a6E6C54DbC68Db5db3A091B171A77407Ff7ccf
- You can claim the tokens the day after "buying" it.
For further instructions, you can use this video as a guideline:
I am still learning all these things so ANY COMMENTS/CORRECTIONS/SUGGESTIONS WILL BE APPRECIATED. Thank you!